Form 4: CRH Public Ltd Co: Officer Feury Receives Restricted Share Units

Robert T. Feury Jr., Chief Culture & People Officer of CRH Public Ltd Co, was granted 7,026 restricted share units on May 13, 2025, according to a Form 4 filing.

Summary

• Robert T. Feury Jr., Chief Culture & People Officer of CRH Public Ltd Co, received an award of 7,026 restricted share units (RSUs) on May 13, 2025.
• These RSUs represent the right to receive one Ordinary Share of CRH Public Ltd Co each.
• The RSUs are part of a time-based conditional award under the CRH plc Equity Incentive Plan (EIP).
• The RSUs will vest in three equal installments, with 1/3 vesting on the grant anniversary in May 2026, 2027, and 2028.
• Dividend equivalents will apply to these awards and will be reported at the time of vesting.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The grant of RSUs aligns the officer's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the officer.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance, but the RSU grant suggests an expectation of continued contributions from the officer.

Industry Context

The granting of restricted share units is a common practice in publicly traded companies to incentivize and retain key executives. The specific terms of the grant, such as the vesting schedule and dividend equivalents, are tailored to the company's specific compensation philosophy and objectives.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages in the construction materials industry, similar to practices at companies like Vulcan Materials, Martin Marietta Materials, and Cemex.
• Vesting schedules of three years are typical to ensure long-term alignment with company performance, mirroring practices seen in comparable companies.
• Dividend equivalents are also a common feature, providing additional value to the executive as the company's stock pays dividends.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, indicating that the company is investing in its leadership.
• Employees may see the grant as a sign of the company's commitment to its employees.
• The grant has no immediate impact on customers, suppliers, or creditors.

Key Dates

Keywords

Restricted Share Units, RSU, CRH Public Ltd Co, Form 4, Equity Incentive Plan, Officer Compensation, Beneficial Ownership, Robert T. Feury Jr.